This is a different feel this time. The foundation of the recent increase this time around is the market is finally identifying, based on Brazil and across all the projects that the SP is way undervalued for the resource assets LRS have.
If the Brazil assay results are as good as they look this is due for an expedient re rate to a fair value SP.
If some are hoping to buy on the basis the SP will drop after the announcement I think they have mistaken what is occurring at the moment.
The market is re rating the SP which will continue next week and will finally start to reflect the company true net worth. We have gone beyond mere speculation of projects and SP movements will now be controlled by the big players.
In time, this is easily a $bill company on any one of the three major projects we have, let alone the true value having all three projects together.
My view, do your own research
This is a different feel this time. The foundation of the recent...
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Last
19.3¢ |
Change
-0.003(1.28%) |
Mkt cap ! $539.2M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.3¢ | 18.5¢ | $1.164M | 6.093M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 819786 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 1002116 | 14 |
View Market Depth
| Last trade - 11.26am 01/11/2024 (20 minute delay) ? |
| LRS (ASX) Chart |